NESRF - Northern Star Resources: KCGM Drives Strong Reserve Growth In FY2020
- Northern Star Resources released its FY2020 Reserve & Resource update earlier this month, reporting reserve growth to ~21.0 million ounces.
- This reserve base gives Northern Star a top-10 position among its peers globally, with Northern Star's reserve grade coming in well above the peer average.
- Given Northern Star's district milling strategy, its ounces can go farther than most majors, where some reserves are orphaned and require significant development costs to move into production.
- I continue to see Northern Star as a top-10 gold producer given its solid reserve grade and Tier-1 jurisdiction profile, and I would view pullbacks below US$8.15 as low-risk buying opportunities.
For further details see:
Northern Star Resources: KCGM Drives Strong Reserve Growth In FY2020